Are you enthusiastic about starting a business in the agriculture sector? Do you need a sample catfish farming business plan template? Then below is an in-depth guide for starting a catfish farming business in Nigeria or anywhere else.
here is so much money to be made in aquaculture (Tilapia fish farming, catfish farming, shrimp, prawn and lobster breeding); if done right. There are so many businesses you can invest in and still make huge profits! You don’t have to bang your head developing software’s or importing and exporting; you can go into catfish farming, and still be successful.
Catfish farming is a lucrative form of fish farming business. I have seen several unemployed folks make it through this business; you too can also be successful if you understand the real keys to success.

Six Reasons Why Catfish Farming is a Profitable Business

i. Fish is one of the cheap sources of protein and a good substitute for meat. In fact, no meal is consumed in Nigeria without fish or meat. Secondly, fish is a source of white meat and is recommended by health practitioners over red meat.
ii. The population of Nigeria is about 150million and this population is estimated to overtake that of the United states by year 2050. Now what does this mean for catfish farmers? The truth behind this statistics is that there is a ready market for fish and the demand for fish cannot be met by local producers alone.
iii. There are a lot of recreation centers in Nigeria especially restaurants, fast food outlets and bars; and fish (Point and Kill or Fish barbeque) is one of the favorite food on the menus of these hangouts. You can even make money by focusing on being a regular catfish supplier for these restaurants and bar.
iv. The operating cost for catfish farming (feed and maintenance) is very low especially when compared to poultry farming.
v. In the month of December 2013, the federal government of Nigeria implemented and enforced a law banning the importation of frozen fish. This move was made to encourage the local production of fish. Now the truth is that the demand for fish cannot be met by local producers alone, so there is presently a market gap waiting to be filled by smart entrepreneurs who can be bold enough to venture into fish farming.
vi. There is a massive support and established credit line put in place by the federal and state governments for farmers (both crop and livestock farmers). Also, there is a fund set aside every year by the Central Bank of Nigeria and other commercial banks in Nigeria to encourage and support farmers.

read the full report here

source www.petmataz..com

Your number four fact is not true my brother, catfish farming is capital intensive if you're ready to make a reasonable profit.

Next! A manual to sell. Practicing farmers know better.

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Find out how to turn catfish farming to millions of naira
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aumoria:
Next! A manual to sell. Practicing farmers know better.

Don't you get paid for your knowledge and qualification at your workplace or office? Do you turn down your salary at the end of the month?

If someone decides to receive a fee for his knowledge, it should never be seen as wrong dear friend.

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